opec deal

Oil Jumps 8 Percent on Prospects for Big OPEC Output Cut

By Karolin Schaps and Amanda Cooper LONDON, Nov 30  – Oil prices jumped more than 8 percent on Wednesday to a five-week high as some of the world’s largest oil producers gathered in Vienna to try to agree a production cut that could be bigger than expected. Brent crude futures for delivery in January were

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OPEC Ready to Reach ‘Forceful’ Deal on Cutting Oil Output

CARACAS, Nov 17 – OPEC countries are ready to reach a “forceful” agreement on cutting oil output, Venezuelan President Nicolas Maduro said on Wednesday, following a meeting with OPEC Secretary-General Mohammed Barkindo in Caracas. “There is sufficient will among OPEC countries to take the step we need to take in the month of November, (to

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